According to Tianyang New Materials's announcement, Bai Rui Xingyang, the controlling shareholder of the company, pledged 12.982 million shares on June 30, 2026, accounting for 18.35% of its shares and 3.00% of the company's total share capital, providing additional guarantees for the financing loan for the second phase of the share acquisition. Bairui Xingyang and its co-actor Wei Chuangjia held a total of 92.376 million shares, accounting for 21.35% of the total share capital, and pledged 43.2674 million shares, accounting for 46.84% of their holdings and 10.00% of the total share capital. The risk of pledge is manageable and will not affect corporate governance and control.

According to Tianyang New Materials's announcement, Bai Rui Xingyang, the controlling shareholder of the company, pledged 12.982 million shares on June 30, 2026, accounting for 18.35% of its shares and 3.00% of the company's total share capital, providing additional guarantees for the financing loan for the second phase of the share acquisition. Bairui Xingyang and its co-actor Wei Chuangjia held a total of 92.376 million shares, accounting for 21.35% of the total share capital, and pledged 43.2674 million shares, accounting for 46.84% of their holdings and 10.00% of the total share capital. The risk of pledge is manageable and will not affect corporate governance and control.